Wix.com Ltd. shares fell more than 7% in extended trading Tuesday after the website builder announced it would acquire DevHub Inc. in an all-stock deal.
The deal is valued at $130 million and is expected to close in the fourth quarter, Wix said in a statement. DevHub helps companies manage their digital presence across multiple platforms, including websites, apps and social media.
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PRO TIP: Wix.com Ltd. (NASDAQ: WIX) stock fell 8.3% on Thursday after the company announced disappointing first-quarter results. The drop continues a trend of declines for the stock, which is down nearly 30% since its 52-week high in early February.
There are a few reasons why Wix stock is falling. First, the company reported first-quarter revenue and earnings that missed analyst expectations. Second, Wix lowered its guidance for the full year, indicating that it expects slower growth in 2019 than it achieved in 2018.
Finally, some investors may be concerned about the competitive threat posed by Squarespace, which went public earlier this week at a valuation of nearly $1.7 billion. While Wix is the clear leader in the website builder market, Squarespace is a well-funded competitor that is growing quickly.
While the stock’s recent decline is certainly disappointing, it’s important to remember that Wix is still a very strong company with a large and growing customer base. The stock remains a long-term winner, but in the short term, it may be under pressure as investors digest today’s news.
Wix said the acquisition will help it accelerate its growth in the $500 billion global digital marketing market. The company also announced fourth-quarter results that topped Wall Street expectations.
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Wix.com Ltd. (NASDAQ: WIX) fell hard on Wednesday after the company announced mixed fourth-quarter results. The web development platform posted non-GAAP earnings of $0.59 per share on revenue of $246 million, which was up 32% year over year but fell shy of Wall Street’s estimates for earnings of $0.60 per share on revenue of $247.5 million. Wix’s billings — a key metric for the company — were also up 32% year over year to $321 million, but again missed expectations for $322 million.
Wix.com Ltd. (NASDAQ: WIX) stock lost 8.4% on Thursday . The stock traded as low as $131.42 and last traded at $134.00, approximately 7,818,400 shares were traded during trading. An increase of 1,138% from the average daily volume of 619,929 shares.
Wix.com Ltd. (NASDAQ: WIX) is a web development platform that allows users to create HTML5 websites and mobile sites through the use of online drag and drop tools. The company was founded in 2006 and is headquartered in Tel Aviv, Israel. Wix share price has dropped by 5% in the past week,
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Since its inception in 2006, Wix has been on a mission to make it easy for everyone to create a beautiful website. Today, the platform is used by over 110 million people around the world. GREAT NEWS:
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If you created a Wix site and it suddenly disappeared, there are a few possible explanations. First, check to see if your site is still published. If it’s not, you can republish it by logging into your account and clicking “Publish” in the upper right-hand corner.
If you’re asking yourself, “Why has my Wix website disappeared?” there are a few potential explanations. Maybe you accidentally deleted your site, or maybe Wix made a mistake and deleted it for you. Whatever the reason, there are a few things you can do to try to get your website back.
Wix is a popular website builder that allows users to create and design their own websites. However, Wix is not profitable and has been losing money for years. The main reason why Wix is not profitable is because it relies heavily on advertising to generate revenue.
